1998 (2) TMI 277

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...., for the Respondent. [Order per : Justice U.L. Bhat, President]. -  Appellant is absent in spite of notice of hearing but has sent a request for decision of the appeal on merits. 2. Appellant filed Price List No. 14/85-86 in Part II in respect of Rotary Drilling Rig Trailer Mounted along with purchase order dated 12-2-1996 issued by Central Mine Planning & Design Institute Ltd.....

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....alue of the Drilling Rig. Overruling this contention, the Assistant Collector confirmed the demand. Appeal filed before the Collector (Appeals) having been dismissed, the present appeal has been filed. 3. The break-up of the total value of the contract is as follows :-   Admitted Assessable value : Rs. 7,09,625.00   Value of Kelly and Weight Indicator &nbs....

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....s per specification. The Schedule of specification shows the drilling comprises of various items including weight indicator, Rotary Table and Kelly. It is thus clear that Kelly, Weight Indicator and Rotary Table are essential parts of the Drilling Rig. The lower authorities were justified in adding the value of these items in the assessable value of the Drilling Rig. 6. The contract itself....

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....aspects have not been considered by the lower authorities. In our opinion the adjudicating authority should consider the contentions of the appellant with reference to this amount. 8. While upholding the finding that the value of Kelly, weight indicator and rotary table has to be included in the assessable value of the drilling rig, we set aside the finding that the value of spares, operat....